BYD Advances Investment in Turkey Amid Global Caution

China's electric vehicle manufacturer BYD is progressing smoothly with its investment in Turkey, as confirmed by Turkish industry ministry sources. Despite China's commerce ministry warning of risks associated with overseas investments, discussions with other Chinese carmakers for new investments in Turkey are ongoing.

China's electric vehicle manufacturer BYD is progressing smoothly with its investment in Turkey, according to Turkish industry ministry sources. There have been no reported issues in the investment process, underscoring positive relations.

Despite a recent warning from China's commerce ministry about the risks of making auto-related investments abroad, Turkish officials have indicated that discussions with other Chinese carmakers for further investments are ongoing.

Industry experts cite the strategic significance of Turkey as an attractive investment destination for auto manufacturers, leveraging its position between Europe and Asia.

(With inputs from agencies.)